The ______________ Is a Statement Sent to the Provider to Explain

question 1087

Multiple Choice

The ______________ is a statement sent to the provider to explain payments made by third party payers.

• A) remittance advice.
• B) advance beneficiary notice.
• C) attestation statement.
• D) acknowledgement notice.

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Definitions:

Manual Claims Tracking

The process of monitoring and managing insurance claims by hand, without the use of automated systems or software.

Payment Delays

Occurrences when payments to creditors or vendors take longer than agreed upon, often due to administrative issues or financial problems.

Explanation of Benefits (EOB)

A document provided by insurance companies detailing what treatments/services were covered and what payment responsibilities the insured has.

Charge

The price or cost that someone has to pay for goods, a service, or admission to an event.